Symbol Lookup
Manson Creek Reports Exploration Underway on Up Town Gold Project
Published: 05/22/12 01:13 PM EDT

CALGARY, ALBERTA--(Marketwire - May 22, 2012) - Manson Creek Resources Ltd. ('Manson Creek') (TSXV:MCK) is pleased to announce that exploration is underway on the Up Town Gold project in the Northwest Territories.

Phase one exploration efforts are focusing on the historical gold bearing zones and the relatively undocumented alteration halos that encompass them. Detailed geological mapping of these areas is in progress in order to identify and better define favourable structures and the associated alteration that correlates to gold mineralization. Extensive sampling is taking place on the known mineralized zones and new targets with work expected to take seven to ten days to complete.

Up Town Gold Project Background

Manson Creek's 3,388 hectare property has five known gold bearing zones hosted in an Archean granodiorite adjacent to the Yellowknife greenstone belt which boasts over 12 million ounces of gold production from the nearby Giant and Con mines. Historic work on the Up Town Gold property, done primarily in the 1960's, focused on narrow quartz filled shears and associated quartz veins while largely ignoring the larger zones of hydrothermally altered host granodiorite. The shear zones, associated fractures and quartz veins vary from millimeter widths to well over 3.0 meters and they commonly are surrounded by a broader alteration halo. The alteration consists of silicification and sericitization with hematite alteration present as well. Mineralization is present at surface with exposures of tens of meters common with many stretching for hundreds of meters.

Several of the gold bearing zones on the Up Town Gold property had historical estimates completed in the 1960's with over 2,500 meters of diamond drilling completed. In many of the historic assessment reports there is mention of hydrothermally altered host rock but no systematic sampling was ever conducted on these altered zones.

The President of Manson Creek Resources Ltd., Regan Chernish P.Geol., is the Qualified Person responsible for the preparation of this news release.

Regan Chernish, P. Geol., President and Director

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Manson Creek's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Manson Creek. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Manson Creek's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Manson Creek's filings with the Canadian securities authorities. Accordingly, holders of Manson Creek shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Manson Creek disclaims any responsibility to update these forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Marketwired
Today
06:00 AM BMO Banque privée : Les investisseurs devraient-ils adopter l'adage "Sell in May and Go Away" comme stratégie?
06:00 AM AlterGo exprime des recommandations concernant l'accessibilité universelle de la Ville de Montréal
06:00 AM RAPPEL/Avis aux médias : Le ministre Oliver fera la promotion des avantages économique du développement responsable des ressources naturelles
06:00 AM Bayfield Drills 16.0m of 10.47 g/t Gold and 34.68 g/t Silver on Intrepid Zone in Rainy River, NW Ontario
05:00 AM FrogTape(R) Launches New Website With Updated Design and Social Media Sharing Tools
12:01 AM AMD Amplifies Mobile Experience With Responsive Performance, Rich Graphics, Elite Software and Long Battery Life
Wed, May 22, 2013
10:40 PM Goldeye Sets New Meeting Date to Update By-laws, Adopt New Stock Option Plan, and Re-Affirm Shareholder Rights Plan
10:02 PM Mise à jour-Danger pour la santé : Présence possible de la bactérie Salmonella dans certaines avelines (noisettes) en écales ou noix mélangées en écales
08:47 PM Sangoma Reports Results for Third Quarter of Fiscal 2013
07:38 PM Ivanhoe Australia Limited: Proposed Company Name Change to Inova Resources Limited
07:02 PM Calibre Mining Corp. Announces Results of Annual General and Special Meeting
07:00 PM Kariana Resources Inc. Appoints New CEO and Director
06:00 PM Canadian Orebodies Announces Adoption of Advance Notice By-Law
05:37 PM Energy Income Fund Appoints Vestcap Investment Management as Investment Manager
05:16 PM Vanoil Acquires Fluormin Plc.
05:01 PM VIQ Solutions Reports First Quarter 2013 Results
05:00 PM Functional Technologies to Apply for Extension of Creditor Protection Period
04:49 PM Avis aux médias : Le ministre de l'Industrie prononcera une allocution lors d'un événement organisé par Aéro Montréal
04:49 PM Media Advisory: Minister of Industry to Speak at Aero Montreal Event
04:44 PM Pro-Trans Ventures Inc. Announces Resignation of Its President and CEO
04:44 PM Spur Announces Adoption of Advance Notice Policy for Future Shareholder Meetings
04:39 PM Total Energy Services Inc. Reports on Voting from the 2013 Annual and Special Meeting of Shareholders
04:38 PM Exploration Khalkos inc. : Réorientation de la mission corporative sur des projets plus avancés
04:38 PM Khalkos Exploration Inc.: Corporation Mission Shifts Towards More Advanced Projects
04:10 PM IIROC: Resume, Cornerstone Metals Inc.
04:03 PM 2013-0507 - Suspension - Ecosse Energy Corp. (ECS)
04:03 PM Leader Energy Services Reports First Quarter 2013 Results
04:01 PM Macro Enterprises Inc. Announces 2013 First Quarter Results and Appointment of Independent Director
04:00 PM Reliant Gold Corp. Announces Filing of Condensed Interim Financial Statements as at and for the Three Months Ended March 31, 2013 and Related Management's Discussion and Analysis
03:44 PM La nouvelle carte électorale fédérale de l'Alberta
 

Powered By: FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes.
All other data is delayed at least 20 minutes.
By accessing this page, you agree to the following terms and conditions.
Stock News provided by MarketMinute.com
Mortgage Rates, CD Rates & Home Equity Rates provided by Banks.com
Stock Analysis provided by SocialPicks Conference calls info supplied by OpenCompany
Fundamental data supplied by Mergent, Inc.
Stock quote data supplied by Telekurs
Bots go here
close window
E-mail Article to a Friend




CLOSE WINDOW